Guideline Value for BHARATHI NAGAR ANNEXE

Bharathi Nagar Annexe guideline value

The current guideline value of Bharathi Nagar Annexe is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Bharathi Nagar Annexe has changed

The guideline value register has no figures for Bharathi Nagar Annexe for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the current figure stands as the first official guideline value for Bharathi Nagar Annexe.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, which is the same as the current value for Bharathi Nagar Annexe.

• Bharathi Nagar Annexe 1st Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 2nd Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 3rd Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 4th Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar Annexe?

The Sub Registrar Office that covers Bharathi Nagar Annexe is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during property registration in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on a standardized value.

When buying or selling property, the guideline value helps in establishing a fair basis for the transaction, as it reflects the government's assessment of property values in the area. This ensures transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Annexe?

The current guideline value of Bharathi Nagar Annexe is Rs 2,200 per sq.ft, effective from 1 July 2024.

Have there been any previous guideline value figures for Bharathi Nagar Annexe?

The guideline value register has no figures for Bharathi Nagar Annexe for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first recorded figure for this street.

What is the land classification of Bharathi Nagar Annexe?

Bharathi Nagar Annexe is classified as Residential Class II Type - III, indicating its suitability for residential development.

How is stamp duty calculated for properties in Bharathi Nagar Annexe?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles the registration of properties in Bharathi Nagar Annexe.